In little more than 2 years shipping will have to shift to low sulphur fuel. The International Maritime Organisation (IMO) has set a global limit for sulphur in fuel oil used on board ships of 0.50% m/m (mass by mass) from 1 January 2020. This will significantly reduce the amount of sulphur oxide emanating from…
November 22, 2017 /
In 1967, the British Transport Docks Board (BTDB) commissioned McKinsey & Company to assess the impact of a recent development from the United States: container boxes. The first purpose built ships for them were being launched, and a few US lines were carrying these novelties on their regular service. McKinsey & Company predicted: Containerised cargo is…
Wednesday 8th November marked the maiden arrival of the Milan Maersk, the largest container ship to visit Southampton. The Milan Maersk, which is 399m long, 58.6m wide, and can carry 20568 20' containers, weighs a staggering 214,000 tonnes and is less than a metre shorter than the world's longest vessel. The vessel departed Shanghai on…
November 8, 2017 /
August’s Drewry global container port throughput index reached an all-time high of 126.8 points. The August figure, the highest since inception of the index in January 2012, was nearly 7 points up on August 2016 (120.0 points) and more than 11 points up on the August 2015 level of around 116 points. The global index…
At the end of London International shipping week, the transport secretary Chris Grayling set out his thoughts on the future of UK shipping. His speech focused on the changes in transport, and how the maritime industry is not only contributing to that change, but are increasingly leading it. His first point concerned new technology and…
September 8, 2017 /
According to the Department for Transports recently published 2016 final figures, total freight tonnage handled by UK ports declined by 3% in 2016. This decline is attributable to a large reduction in demand for coal imports. Despite this, steady growth has been experienced in unitised traffic, which saw its fourth consecutive year of growth in…
The shipping company has revealed that the cyber attack has cost $300 million in lost revenue. Maersk CEO Soren Skou said "In the last week of the 2nd quarter we were hit by a cyber-attack, which mainly impacted Maersk Line, APM Terminals and Damco. Business volumes were negatively affected for a couple of weeks…
During 2016 126 ports handled more than 1 million teu containers. According to DynaLiners report entitled millionaires roundup, 82 ports had experienced growth in the year with 5 ports showing growth of 25% or more. These ports were Chittagong, Bangladesh (26%), London (26%), Salalah, Oman (29%), Tangshan, China (27%) and Southampton (26%). 14 ports reached…
Although they resumed trading on the Shanghai Stock Exchange (SSE) this week, Cosco’s take over of OOCL could still hit a stumbling block. Cosco’s shares were suspended two months ago and the SSE issued a letter of enquiry on July 18th seeking clarification on two points of the proposed deal. The first is whether it…
Built by Norwegian firms Kongsberg and Yara, the Yara Birkeland will be the world’s first fully electric autonomous container ship. It will use GPS, radar, cameras and sensors to navigate itself. With a cost of around £25 million, which is 3 times the cost of a standard container ship, she will hopefully pay for herself…